BP operates the Sangachal liquids storage terminal, which is located in Absheron in Azerbaijan. This liquids storage terminal became operational in 1997 and is owned by BP, State Oil Company of the Azerbaijan Republic, MOL Hungarian Oil and Gas, Inpex, Equinor, Exxon Mobil, Turkiye Petrolleri Anonim Ortakligi, Itochu, and Oil and Natural Gas.
The terminal, which is accessible by pipeline and road, primarily stores crude oil.
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Key specifications of the storage terminal
Storage Capacity (bbl): 32,81,560
Tank Size Min (bbl): 1,60,390
Tank Size Max (bbl): 8,80,000
Number of Tanks: 7
About BP
BP Plc (BP) is an integrated oil and gas company. Its upstream operations include exploration, development and production of oil and natural gas, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs). The company’s downstream operations include marketing, transportation, refining, manufacturing, supply and trading of crude oil, petroleum, petrochemical products and provision of related services to wholesale and retail customers. BP provides fuel, energy, lubricants and petrochemicals to customers. The company has operational presence in Africa, Asia, Europe, Australasia, North America and South America. BP is headquartered in London, the UK.
Methodology
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
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